ITV

Category: Financials

  • Shareholders approve Zeel’s acquisition of DMCL’s media business undertaking

    Shareholders approve Zeel’s acquisition of DMCL’s media business undertaking

    MUMBAI: Another level gets cleared for Zee Entertainment’s (Zeel) proposed acquisition of Diligent Media Corporation’s (DMCL) media business undertaking. The court convened meeting on 4 June, saw majority of both equity and preference shareholders give their nod to the scheme of arrangement.

     

    Now, the approval needs to go through the Bombay High Court and other regulatory authorities such as the central government.

     

    Out of the 745419538 equity shares that were polled, 99.082 per cent were in favour of the decision while 99.437 per cent of the 13195108470 of the preference shares that were polled were in favour. In all, 97365 equity shareholders and 91076 preference shareholders voted in the meeting.

     

    With both giving majority approval, Zeel will look forward for the legal and regulatory approvals to also sail through, thus allowing it to completely own the media business undertaking of DMCL that involves events as well as a non-News channel licence and certain registered intellectual properties for TV formats of gaming-based shows.

     

    DMCL was formed in 2005 with a 50:50 JV between Essel Group and Dainik Bhaskar Corp (DB). In 2012, Essel Group bought out DB’s 50 per cent stake.

  • Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    Sahara One PAT in FY-2014 down to one third of FY-2013 PAT

    BENGALURU: Sahara One Media & Entertainment Limited (Sahara One) reported a little more than one third the PAT at Rs 1.78 crore (2 per cent of net revenue from operations or Op Rev) in FY-2014 as compared to the Rs 5.29 crore (4.3 per cent of Op Rev) in FY-2013.  During the last two quarters of FY-2014, the company has incurred loss, and the profit that it has reported is residual from the PAT of the first two quarters of the year. Further, Sahara One’s operating revenue net of service tax (in FY-2013) at Rs 91.39 crore in FY-2014 dropped 25.3 per cent from Rs 122.28 crore in FY-2013.

     

    Sahara One reports revenue from two segments – television and motion pictures. The revenue numbers from its motion pictures segment have been negligible in FY-2013 and FY-2014. However a significant portion of the loss has been attributed to motion pictures segment.

     

    Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

     

    Sahara One results for the quarters in FY-2014 were: Q1-2014-PAT of Rs 1.21 crore: Q2-2014, Rs 4.10 crore, Q3-2014 loss Rs 3.37 crore: Q4-2014 loss Rs 0.15 crore. For Q4-2013, Sahara One had reported a loss of Rs 1.74 crore.

     

    The company’s EBIDTA (including other income) was a positive at Rs 2.95 crore in FY-2014 as compared to a negative EBIDTA (including other income, excluding service tax) of Rs 1.69 crore in FY-2013.

     

    Let us look at the other numbers reported by Sahara One in FY-2014 and Q4-2014

     

    The company reported Op Rev of Rs 20.95 crore in Q4-2014, which was 2.6 per cent more than the Rs 20.41 crore in Q3-3014, but 21 per cent less than the Rs 26.52 crore in Q4-2013.

     

    Other income figures: FY-2014 Rs 10.04 crore (1.06 per cent of Op Rev); FY-2013 Rs 10.30 crore (8.34 per cent of Op Rev); Q4-2014 Rs 2.24 crore (10.7 per cent of Op Rev); Q3-2014 Rs 2.36 crore (11.5 per cent of Op Rev) and Q4-2013 Rs 1.66 crore (6.3 per cent of Op Rev).

     

    Sahara One’s Total Expense (Tot Exp) in FY-2014 at Rs 98.68 crore (108 per cent of Op Rev) in FY-2014 was 26.6 per cent less than the Rs 134.48 crore (110 per cent of Op Rev) in FY-2014. Tot Exp in Q4-2014 at Rs 23.54 crore (112.4 per cent of Op Rev) was 3.8 per cent more than the Rs 22.67 crore (111.1 per cent of Op Rev) in Q3-2014 and 17.8 per cent less than the Rs 28.63 crore (108 per cent of Op Rev) in Q4-2013.

     

    Content cost is a major expense head for Sahara One. The company paid Rs 84.49 crore (93.5 per cent of Op Rev) towards purchase of content (content cost) in FY-2014, which was 28.9 per cent less than the Rs 102.27 crore (98.4 per cent of Op Rev) in FY-2014. Sahara One paid Rs 17.2 crore (112.4 per cent of Op Rev) towards content cost in Q4-2014, which was 40.8 per cent lower than the Rs 29.06 crore (142.4 per cent of Op Rev) in Q3-2014 and 35.2 per cent less than the Rs 26.53 crore (100 per cent of Op Rev) in Q4-2013.

     

    The company’s trade payables, trade receivables and inventory numbers have all gone up in FY-2014 as compared to FY-2013. Here are the figures: Trade Payables – FY-2014 at Rs 41.02 crore (44.9 per cent of Op Rev) which was 17.9 per cent more than the Rs 34.78 crore (28.4 per cent of Op Rev) in FY-2013; Trade receivables – FY-2014 at Rs 78.89 crore (81.9 per cent of Op Rev) which was 2.06 times (more than double) the Rs 36.31 crore (29.7 per cent of Op Rev) in FY-2013. Inventories – FY-2014 at Rs 50.26 crore (55 per cent of Op Rev) which was 18.5 per cent more than the Rs 43.41 crore (34.7 per cent of Op Rev) in FY-2013.

     

    Here are the segment numbers: Television segment: FY-2014 revenue Rs 95.83 crore, segment result operating profit Rs 12.62 crore : FY-2013 revenue Rs 135.04 crore, segment result operating profit of Rs 8.01 crore.

     

    Motion Pictures: FY-2014 revenue Rs 0.01 crore, segment result loss of Rs 0.73 crore: FY-2013 revenue Rs 0.15 crore, segment result loss of Rs 1.88 crore.

     

    Unallocated: FY-2014 unallocated revenue Rs 6.58 crore, result -unallocated loss Rs 4.53 crore; FY-2014 unallocated revenue Rs 7.38 crore, result- unallocated loss of Rs 2.64 crore.

  • Inox FY-2014 PAT doubles FY-2013 PAT

    Inox FY-2014 PAT doubles FY-2013 PAT

    BENGALURU: Indian Theatrical film exhibitor Inox Leisure Limited (Inox) reported FY-2014 PAT of Rs 36.93 crore (4.3 per cent of Total Income from operations of Tot Op Inc), 100.2 per cent more than the Rs 18.45 crore (2.4 per cent of Tot op Inc) in FY-2013.

     

    The company reported Tot Op Inc of Rs 868.83 crore in FY-2014, which was 13.5 per cent higher than the Rs 765.29 crore in the previous fiscal. Tot Op Inc of Rs 188.30 crore, was 12.1 per cent less than the Rs 214.27 crore in Q3-2014 and 10.4 per cent more than the Rs 170.59 crore in Q4-2013.

     

    Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

     

    PAT in Q4-2014 was just Rs 1.43 crore (0.8 per cent of Tot Op Inc) and less than a fourth (1/4.23 times) the Rs 6.47 crore in Q3-2014. The company had reported loss of Rs 9.94 crore in Q4-2013.

     

    Let us look at the other Q4-2014 and FTY-2014 numbers reported by Inox

     

    Inox reported 12.3 per cent higher total expenditure (Tot Exp) in FY-2014 at Rs 797.56 crore (91.8 per cent of Tot Op Inc) as compared to the Rs 710.35 crore (92.8 per cent of Tot Op Inc) in FY-2013. Inox reported Tot Exp of Rs 184.78 crore (98.1 per cent of Tot Op Inc) in Q4-2014, which was 7.8 per cent less than the Rs 200.36 crore (93.5 per cent of Tot Op Inc) in Q3-2014 and 4.9 per cent more than the Rs 176.18 crore (103.3 per cent of Tot op Exp) in Q4-2013.

     

    The company paid Rs 106.07 crore (12.2 per cent of Tot Op Inc) in FY-2014 towards Entertainment Tax, which was 3.9 per cent more than the Rs 102.04 crore (13.3 per cent of Tot Op Inc) in FY-2013. Entertainment Tax in Q4-2014 at Rs 221.2 crore (11.7 per cent of Tot Op Inc) was 12.6 per cent less than the Rs 253.1 crore (11.8 per cent of Tot Op Inc) in Q3-2014 and 2 per cent more than the Rs 216.9 crore (12.7 per cent of Tot Op Inc) in Q4-2013.

     

    Inox incurred a cost of Rs 223.49 crore (25.7 per cent of Tot Op Inc) in FY-2014 towards Exhibition Cost, which was 6.5 per cent more than the Rs 209.94 crore (27.4 per cent of Tot Op Inc) in the previous fiscal. Exhibition cost in Q4-2014 was less by 14.9 per cent at Rs 46.36 crore (24.6 per cent of Tot Op Inc) as compared to the Rs 54.48 crore (25.4 per cent of Tot Op Inc) in the immediate trailing quarter and 2.5 per cent more than the Rs 45.23 crore (26.5 per cent of Tot Op Inc) in Q4-2013.

     

    Inox paid Rs 137.22 crore (15.8 per cent of Tot Op Inc) towards property rent, conducting fees and common facility charges (rent and other charges) in FY-2014, which was 16.4 per cent more than the Rs 117.9 crore (16.8 per cent of Tot Op Inc) in FY-2013. The company paid Rs 35.64 crore (18.9 per cent of Tot Op Inc) in Q4-2014 towards rent and other charges, which was 3.1 per cent more than the Rs 34.58 crore (16.1 per cent of Tot Op Inc) in Q3-2014 and 13.4 per cent more than the Rs 31.42 crore (18.4 per cent of Tot Op Inc) in Q4-2013.

     

    The company paid 3.5 per cent more towards finance cost in FY-2014 at Rs 27.63 crore (3.2 per cent of Tot Op Inc) as compared to the Rs 26.7o crore (3.5 per cent of Tot Op Inc) in FY-2013. Finance cost in Q4-2014 at Rs 6.20 crore (3.3 per cent of Tot Op Inc) was 6.3 per cent less than the Rs 6.62 crore (3.1 per cent of Tot Op Inc) in Q3-2014 and 13.2 per cent lower than the Rs 7.14 crore (4.2 per cent of Tot Op Inc) in Q4-2013.

     

    Inox currently operates 79 multiplexes and 310 screens in 43 cities. Since its inception in 1999, Inox has been active in exploring acquisition and / or expansion opportunities on continuous basis with a view to consolidate its position in the multiplex industry. In 2007, Calcutta Cinema Private Ltd (CCPL), a multiplex cinema theatre company based in West Bengal was merged with Inox. In May 2013, Fame India Limited, another multiplex cinema theatre company having nationwide presence, was merged with Inox.

  • Despite lesser releases, Eros FY-2014 PAT up by 29 per cent to Rs 199.69 crore!

    Despite lesser releases, Eros FY-2014 PAT up by 29 per cent to Rs 199.69 crore!

    BENGALURU: It missed hitting Rs 200 crore PAT by just around Rs 31 lakh in the recently concluded FY-2014.  The Sunil Lulla led Eros International Media Limited (Eros) belongs to a select league of a handful of publicly listed Indian media and entertainment companies that have only grown bigger and bigger in terms of bottom line as well as topline as compared to rest that have made it a norm to show blood across their balance sheets. And all this despite a 10.4 per cent drop in the number of films released to 69 in FY-2014 from 77 in FY-2013!

     

    Last year, the company entered the Rs 1000 Total Income club. This year, it continued its membership in that select peerage and how! In FY-2014, Eros reported a growth of just 6.1 per cent in Total Income (Tot Inc) to Rs 1139.64 crore from Rs 1074.35 crore in FY-2013. As mentioned above, the company recorded a PAT of Rs 199.69 crore (17.5 per cent of Tot Inc) in FY-2014, which was a whopping 29.2 per cent more than the Rs 154.53 crore (14.4 per cent of Tot Inc) in FY-2013.

    Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

     

    Eros released 30 Hindi films, 37 Tamil/Telugu films and 2 other regional language films in FY-2014 as compared to the 30 Hindi, 44 Tamil and 3 other regional language films in FY-2013.

     

    Let us look at the other numbers reported by Eros in FY-2014 and Q4-2014

     

    Tot Inc in Q4-2014 at Rs 280.97 crore was 8.9 per cent less than the Rs 308.36 crore in Q3-2014 and 83.3 per cent more than the year ago quarter Q4-2013.

     

    PAT in Q4-2014 at Rs 34.54 crore (12.3 per cent of Tot Inc) was 31.2 per cent less than the Rs 50.18 crore (16.3 per cent of Tot Inc) in Q3-2014 and more than triple (3.6 times) the Rs 9.58 crore (6.2 per cent of Tot Inc) in Q4-2013.

     

    Eros reported Total Expense (Tot Exp) for FY-2014 at Rs 641.44 crore (56.3 per cent of Tot Inc), which was 13.9 per cent lower than the Rs 744.81 crore (69.3 per cent of Tot Inc) in FY-2013. Eros Q4-2014 Tot Exp at Rs 209.86 crore (74.7 per cent of Tot Inc) was 4.4 per cent less than the Rs 219.47 crore (71.2 per cent of Tot Inc) in Q3-2014 and 54.1 per cent more than the Rs 136.20 crore (88.9 per cent of Tot Inc) in Q4-2013.

     

    Eros Finance cost in FY-2014 was 3.48 times at Rs 32.71 crore (2.9 per cent of Tot Inc) as compared to the Rs 9.39 crore (0.9 per cent of Tot Inc) in FY-2013. The company’s finance cost in Q4-2014 at Rs 14.52 crore (5.2 per cent of Tot Inc) was almost double (1.97 times) the Rs.7.38 crore (2.4 per cent of Tot Inc) in Q3-2014 and 7.4 times the Rs 1.96 crore (1.3 per cent of Tot Inc) in Q4-2013.

     

    The company’s trade payables and receivables have both gone down in FY-2014 as compared to FY-2013.

    Here are the figures: Trade Payables FY-2014 – Rs 36.98 crore (3.2 per cent of Tot Inc) – down 15.5 per cent from Rs 43.74 crore (4.1 per cent of Tot Inc) in FY-2013.

     

    Trade Receivables – FY-2014 – Rs 151.45 crore (13.3 per cent of Tot Inc) – down 11.1 per cent from Rs 170.44 crore (15.9 per cent of Tot Inc) in FY-2013.

     

    In its press release, Eros has indicated the breakup of revenue for FY-2014 as: Theatrical revenue – Rs 474.9 crore (42 per cent of Total revenue); Overseas Revenue –Rs 293.4 crore (26 per cent of Total revenue) and Other Revenue –Rs 366.4 crore (32 per cent of Total Revenue).

     

    Eros managing director Sunil Lulla said, “This has been an excellent year for the company with strong operational and financial performance. Our strategy to focus on a diversified mix of high, medium and low budget movies, emphasis on regional language films along with monetisation of our catalogue across various platforms has enabled us to deliver such strong performance.”

     

    “We are confident that our leadership position within the industry, monetization of our extensive movie library and positive structural sector trends should enable us to create huge value for all stakeholders going forward. On the back of a well-funded movie slate scheduled for FY-2015, we expect to deliver yet another strong financial performance in the coming year,” added Lulla.

     

    Click here for detailed financial report

    Click here for detailed earning result

     

     

  • Hathway Bhawani Cabletel & Datacom FY-2014 loss triples, EBIDTA down

    Hathway Bhawani Cabletel & Datacom FY-2014 loss triples, EBIDTA down

    BENGALURU: Hathway Bhawani Cabletel and Datacom Limited (HBC&DL) reported consolidated loss of Rs 4.05 crore in FY-2014, 3.19 times the loss of Rs 1.27 crore in FY-2013. The company’s EBIDTA (including other income) in FY-2014 at Rs 4.74 crore (28.9 per cent of Total Income of Tot Inc) was down 19.4 per cent from the Rs 5.89 crore (32.1 per cent of Tot Inc) in FY-2013.

     

    Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

    (2) Annual figures are on a consolidated basis, quarterly figures are standalone.

     

    HBC&DL reported consolidated Tot Inc of Rs16.38 crore in FY-2014, which was 10.6 per cent lower than the Rs 18.32 crore in FY-2013. Its Q4-2014 standalone Tot Inc at Rs 4.08 core was 18.8 per cent more than the Rs 3.43 crore in the immediate trailing quarter and 16.8 per cent more than the Rs 3.5 crore in the year ago quarter Q4-2013.

     

    Let us look at the other numbers reported by HBC&DL for FY-2014 and Q4-2014

     

    The company’s consolidated Total Expense (Tot Exp) in FY-2014 at Rs 20.09 crore (123.4 per cent of Tot Inc) was 1.6 per cent more than the Rs19.78 crore (108.5 per cent of Tot Inc) in FY-2013.

     

    Standalone Q4-2014 Tot Exp at Rs 5.06 crore (124.9 per cent of Tot Inc) was 16.4 per cent more than the Rs 4.35 crore in Q3-2014 and 12.2 per cent more than the Rs 4.51 crore (129.3 per cent of Tot Inc) In Q4-2013.

     

    The company’s pay channel cost in FY-2014 at Rs 7.35 crore (54.2 per cent of Tot Inc) was 13 per cent less than the Rs 8.45 crore (46.3 per cent of Tot Inc) in FY-2013.  The company’s standalone and consolidated pay channel cost for the year and the quarters is the same. Pay channel cost in Q4-2014 at Rs 0.87 crore (21.4 per cent of Tot Inc) was 57.1 per cent less than the Rs 2.02 crore (59.1 per cent of Tot Inc) in Q3-2014 and 63.2 per cent lower than the Rs 2.35 crore (67.3 per cent of Tot Inc) in Q4-2013.

     

    The company’s consolidated inventories in FY-2014 have dropped by 24.5 per cent to Rs 2.39 crore from Rs 4.35 crore in FY-2013.

     

    The company’s consolidated trade payables in FY-2014 has gone up by 47.3 per cent to Rs 6.66 crore from Rs 4.52 crore in FY-2013. HBC&DL’s trade receivables have also gone up in FY-2014 by 67.2 per cent to Rs 0.54 crore from Rs 0.32 crore in FY-2013.

     

    Standalone EBIDTA details for the three quarters: Q4-2014 Rs (-0.77) crore: Q3-2014 Rs (-0.72) crore: Q4-2013 Rs (-0.8) crore (all the three quarter have reported negative EBIDTA.)

     

    Results for the three quarters: Q4-2014 loss Rs 1 crore; Q3-2014 loss Rs 1.02 crore: Q4-2013 loss Rs 0.78 crore.

     

     

    Click here for the full report:

  • Sri Adhikari Brothers Television FY-2014 PAT up 4.5 times

    Sri Adhikari Brothers Television FY-2014 PAT up 4.5 times

    BENGALURU: Sri Adhikari Brothers Television Network Limited (SAB TV) reported a 4.5 fold increase in consolidated PAT of Rs 5.52 crore (3.1 per cent of Income from Operations or Op Inc) in FY-2014 from Rs 1.23 crore (0.8 per cent of Op Inc) in FY-2013. SAB TV reported a 11.9 per cent jump in topline for FY-2014 to Rs 180.37 crore from Rs 161.24 crore in FY-2013.

     

    Note:  (1)100,00,000=100 lakh = 1 crore = 10 million.

     

    (2) Annual figures are on a consolidated basis, quarterly figures are standalone.

     

    Let us look at the numbers for FY-2014 reported by SAB TV

     

    On a consolidated basis, the SAB TV group has two business segments – (a) Content Production and Distribution (Content) and (b) Broadcasting.

     

    SAB’s content segment reported revenue of Rs 71.49 crore in FY-2014, up 18.3 per cent as compared to the Rs 60.43 crore in FY-2013. This segment returned a 10.7 per cent improvement in positive result of Rs 7.81 crore (10.9 per cent of segment revenue) in FY-2014 as compared to the Rs 7.06 crore (11.7 per cent of segment revenue) in FY-2013.

     

    SAB’s broadcasting segment reported revenue of Rs 108.89 crore in FY-2014, up 8 per cent as compared to the Rs 100.82 crore in FY-2013. The company’s broadcasting segment returned operating profit of Rs 19.41 crore (17.8 per cent of segment revenue), which was 68.2 per cent more than the Rs 11.54 crore (11.4 per cent of segment revenue) in FY-2013.

     

    SAB has reported total expense of Rs 153.35 crore (85 per cent of Op Inc) in FY-2014, 7.3 per cent more as compared to the Rs 142.95 crore (88.7 per cent of Op Inc) in FY-2013.

     

    SAB TV has reported Production/Direct Expense (Prodn Exp) of Rs 115.29 crore (63.9 per cent of Op Inc) in FY-2014 9.3 per cent more as compared to the Rs 105.44 crore (65.4 per cent of Op Inc) in FY-2013.

     

    The company’s Interest/Finance cost went up 4.5 per cent in FY-2014 to Rs 18.01 crore (10.5 per cent of Op Inc) from Rs 18.14 crore (11.3 per cent of Op Inc) in FY-2013.

     

    The board of directors of the company has recommended a dividend of 60 paise per equity share of Rs 10 each for the financial year 2013-14 subject to the approval of shareholders in the ensuing annual general meeting.

     

    Click here to read full report

  • FY-2014: Sea TV reports loss of Rs 6.82 crore

    FY-2014: Sea TV reports loss of Rs 6.82 crore

    BENGALURU: Sea TV Network Ltd, (Sea TV) an MSO and a media and entertainment house of Uttar Pradesh & Uttrakhand reported loss of Rs 6.82 crore in FY-2014 as compared to a profit of Rs 1.29 crore in FY-2013. Though the company incurred a 35.3 per cent drop in EBIDTA as compared to last year, it was still EBIDTA positive at Rs 2.79 (14.3 per cent of Total Income or Tot Inc) crore in FY-2014 as compared to the Rs 4.32 crore (20.3 per cent of Tot Inc) in FY-2013

     

    Note:  (1)100,00,000=100 lakh = 1 crore = 10 million. 

     

    (2) Annual figures are on a consolidated basis, quarterly figures are standalone.

     

    The company reported 11.4 per cent lower Tot Inc in FY-2014 at Rs 18.82 crore as compared to the Rs 21.24 crore in FY-2013. Tot Inc in Q4-2014 at Rs 4.71 crore was 12.8 per cent more than the Rs 4.17 crore in the immediate trailing quarter and 15.5 per cent more than the Rs 4.05 crore in the year ago quarter Q4-2013.

     

    Sea TV incurred Total Expense (Tot Exp) of Rs 20.73 crore (110.2 per cent of Tot Inc) in FY-2014 which was 11.8 per cent more than the Rs 18.55 crore (87.3 per cent of Tot Inc) in FY-2013. During Q4-2014, the company’s Tot Exp at Rs 4.7 crore (99.8 per cent of Tot Inc) was 3.9 per cent more than the Rs 4.52 crore (108.3 per cent of Tot Inc) of Q3-2014 and 38.3 per cent more than the Rs 3.40 crore (83.4 per cent of Tot Inc) in Q4-2013.

     

    A major portion of Sea TV’s expenditure is Pay Channel Charges (PCC). In FY-2014, PCC at Rs 5.56 crore (29.6 per cent of Tot Inc) was 28.6 per cent more than the Rs 43.3 crore (20.4 per cent of Tot Inc) in FY-2013. PCC in Q4-2014 at Rs 1.41 crore (30 per cent of Tot Inc) was 14.6 per cent lower than the Rs 1.65 crore (39.6 per cent of Tot Inc) in Q3-2014 and 1.5 per cent higher than the Rs 1.39 crore (34.1 per cent of Tot Inc) in Q4-2013.

     

    EBIDTA for Q4-2014 at Rs 1.2 crore (25.5 per cent of Tot Inc) was 40.5 per cent more than the Rs 0.86 crore (20.5 per cent of Tot Inc) in Q3-2014 and 7.4 per cent more than the Rs 1.12 crore (27.5 per cent of Tot inc) in Q4-2013.

     

    The company’s interest cost increased by more than fivefold (5.78 times) to Rs 3.98 crore (21.1 per cent of Tot Inc) in FY-2014 from Rs 0.89 crore (3.2 per cent of Tot Inc) in FY-2013. Interest cost in Q4-2014 at Rs 1.44 crore (30.5 per cent of Tot Inc) was 13 per cent more than the Rs1.27  crore (30.4 per cent of Tot Inc) in Q3-2014 and almost seven times (6.8 times) the Rs 0.21 crore (5.2 per cent of Tot Inc) in Q4-2013.

     

    The company’s result for the three quarters: Q4-2014 – loss of Rs 1.7 crore: Q3-2014 – loss of Rs 1.78 crore: Q4-2014 – Profit of Rs 0.32 crore.

     

    Sea TV claims to own a number of media establishments. Through its subsidiary Sea News Network, it runs a 24×7 news satellite channel SEA NEWS UP/UK, primarily having an eye over the happenings of Uttar Pradesh and Uttarakhand. Through its another subsidiary Sea Print Media & Publications, it operates its first venture in print media, Hindi Daily ‘The Sea Express’. In addition to it, through its third subsidiary Jain Telemedia Services, the company operates another satellite channel focusing on Jainism – ‘Jinvani’. Besides, it says that it has been serving news and entertainment content to as many as 3.75 lakh households of Agra for past nine years through its MSO (Multi-System Operators) service.

     

    Click here for the full report

  • Den Network’s profit run continues in FY-2014; topline rises

    Den Network’s profit run continues in FY-2014; topline rises

    BENGALURU: At a time when most companies involved in carrying television signals from the broadcaster to the consumer via cable have reported losses and are complaining about poor collections, Den Networks Ltd  (Den Networks) has reported profits, albeit slightly lower by 3.6 per cent as compared to last fiscal’s.

     

    The company’s assets and liabilities show that its trade receivables in FY-2014 has gone up by 20.4 per cent to Rs 391.92 crore (35.1 per cent of Operating Revenue of Op Rev) as compared to the Rs 325.62 crore (35.6 per cent of Op Rev) in FY-2013 as is obvious, in terms of percentage of Operating revenue vis-a-vis the previous year, the percentage of trade receivables has dropped fractionally.

     

    Den Networks reported a PAT of Rs 75.14 crore (6.7 per cent of Op Rev) for FY-2014, as compared to the PAT of Rs 77.94 crore (8.5 per cent of Op Rev) in FY-2014. In Q4-2014, the company reported a PAT of Rs 15.21 crore (5.04 per cent of Op Rev), lower by 5.4 per cent than the Rs 16.08 crore (5.9 per cent of Op Rev) during the immediate trailing quarter and 41.7 per cent lower than the Rs 26.08 crore (9.61 per cent of Op Rev) in Q4-2014.

     

    On the topline front, Den Networks has crossed the Rs 1000 crore operating revenue mark in FY-2014. The company reported Op Rev of Rs 1116.69 crore which was 22.2 per cent more than the Rs 914.05 crore last fiscal. Op Rev for Q4-2014 at Rs 301.86 crore was 10 per cent more than the Rs 274.46 crore in Q3-2014 and 11.2 per cent more than the Rs 271.43 crore in the year ago quarter Q3-2013.

     

    Here’s what the company has to say in its investor update:

     

    The company’s income from operations in Q4-2014 at Rs 930.43 crore can be broken in to streams –Rs 281.69 crore from its cable business and Rs 648.65 crore from its distribution business. After cost of distribution rights of Rs 633.57 crore, net revenue from the segment along with other income is Rs 17.44 crore, while the net revenue from the cable including other income is Rs 308.23 crore. The cable business has shown a positive result before tax of Rs 11.78 crore, while its distribution business a negative result or loss of Rs 4.6 crore.

     

    Consolidated Full Year EBITDA for FY-2014 was Rs 367.71 crore, a 52 per cent jump from Rs 242.70 crore in FY-2013. The Company says that it has incurred expenses of Rs 15 crore (approx) towards broadband and DAS Phase III and IV cities in this year, which have been considered in the EBITDA.

     

    Full Year EBITDA for FY-2014 Rs 357.51 crore, a 54 per cent jump from Rs 231.72 crore in FY-2013 EBITDA margins stood at 32.1 per cent.

     

    Subscribers and Set Top Box Deployment

     

    In Q4-2014, Den Networks claims to have deployed 450,000 set top boxes.  It says that it now has digitised approximately 6.1 million homes of its total subscriber base of 13 million homes. The company says that it has an estimated analog base of 7 million homes in its Phase III and IV markets. It confirms that it is well capitalised to meet the deployment requirements of its existing analog subscriber base in these cities. 

     

    Click here to read the full report

    Click here for investor update

  • Hathway FY-2014 Operating Income up 40 per cent; reports loss of Rs 141 crore

    Hathway FY-2014 Operating Income up 40 per cent; reports loss of Rs 141 crore

    BENGALURU: Indian Multi System Operator (MSO) Hathway Cable & Datacom Limited (Hathway) reported a jump of 39.8 per cent in consolidated net Total Operating Income (Op Inc) to Rs 1583.25 crore in FY-2014 as compared to the Rs 1132.52 crore in FY-2013. The company reported a loss of Rs 140.69 crore in the current year as opposed to a PAT of Rs 37.59 crore in the previous fiscal.

     

     Note :  (1)100,00,000=100 lakh = 1 crore = 10 million.

     

    (2) Annual figures are on a consolidated basis.

     

    The company’s Operating EBIDTA (without other income) in FY-2014 at Rs 309.8 crore (19.57 per cent of Tot Inc) was 13.1 per cent more than the Rs 273.84 crore (24.3 per cent of Op Inc) in FY-2013. Operating EBIDTA in Q4-2014 at Rs 40.70 crore (13.9 per cent of Op Inc) was 10.8 per cent more than the Rs 36.74 crore (15.65 per cent of Op Inc) in Q3-2014 but less than half (46 per cent) of the year ago quarter’s EBIDTA of Rs 88.48 crore (38.3 per cent of Op Inc).

     

    For Q4-2014, Hathway reported Op Inc of Rs 292.72 crore which was 24.7 per cent higher than the Rs 234.78 crore in the quarter ended 31 December 2013 and 26.6 per cent lower than the Rs 231.18 crore in the year ago quarter Q4-2013.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Hathway.

     

    Hathway reported consolidated Total expense (Tot Exp) in FY-2014 at Rs 1572.75 crore (99.3 per cent of Op Inc), 53.5 per cent higher than FY-2013 Tot Exp of Rs 1024.74 crore (90.5 per cent of Op Inc). Q4-2014 Tot Exp at Rs 313.53 crore (107.1 per cent of Op Inc) was 23.4 per cent more than the Rs 254.03 crore (108.2 per cent of Op Inc) in Q3-2014 and 67.8 per cent more than the Rs 186.89 crore (80.8 per cent of Op Inc) in Q4-2013.

     

    A major expense for Hathway is Pay Channel Cost. The company paid Rs 666.42 crore (42.1 per cent of Op Inc) in FY-2014 towards this head, which was 54.1 per cent more than the Rs 432.51 crore (38.19 per cent of Op Inc) in FY-2013. Hathway paid Rs 115.41 crore (39.4 per cent of Op Inc) in Q4-2014 towards pay channel cost, which was 37.85 per cent more than the Rs 83.72 crore (35.7 per cent of Op Inc) in the immediate trailing quarter and more than double (2.33 times) the Rs 49.50 crore (21.41 per cent of Op Inc) in Q4-2013.

     

    Hathway’s Stock-in-trade purchase (Stock Pur) more than doubled in FY-2014 (went up by 2.23 times) to Rs 13.85 crore (0.87 per cent of Op Inc) from Rs 6.20 crore (0.55 per cent of Op Inc) in FY-2013. Stock Pur in Q4-2014 at Rs 10.25 crore (3.5 per cent of Op Inc) was more than 8 times (8.36 times) the Rs 1.23 crore (0.52 per cent of Op Inc) in Q3-2014 and 6.28 times the Rs 1.63 crore (0.71 per cent of Op Inc) in Q4-2013.

     

    The company’s results during the quarters were: Q4-2014 – Loss of Rs 49.27 crore; Q3-2014 – loss of Rs 36.86 crore: Q4-2013 – PAT of Rs 28.27 crore.

  • Zee Learn FY-2014 revenue up 19 per cent, loss down

    Zee Learn FY-2014 revenue up 19 per cent, loss down

    BENGALURU: The Essel group’s education company Zee Learn Limited (Zee Learn) reported a 19.08 per cent hike in net income from operations (Op Inc) to Rs 119.18 crore in FY-2014 from Rs 100.08 crore in FY-2013. The company’s loss during the year was down from Rs 21.22 crore in FY-2013 to Rs1.33 crore in FY-2014.

     

    Note :  100,00,000=100 lakh = 1 crore = 10 million.

     

    For Q4-2014, Zee Learn has reported an Op Inc of Rs 39.04 crore, 72 per cent more than the Rs 22.7 crore in the immediate trailing quarter and 7.2 per cent more than the Rs 36.43 crore in the year ago quarter Q4-2013.

     

    Corresponding loss numbers during the quarters are: Rs 1.73 crore in Q4-2013, Rs 3.38 crore in Q3-2014 and Rs 7.35 crore in Q4-2013.

     

    Let us look at the other FY-2014 and Q4-2014 numbers reported by Zee Learn

     

    Zee Learn’s Total Expenditure in FY-2014 at Rs 115.45 crore (96.87 per cent of Op Inc) was 0.43 per cent more than the Rs 114.96 crore in FY-2013. The company’s Tot Exp in Q4-2014 at Rs 38.18 crore (97.80 per cent of Op Inc) was 59 per cent more than the Rs 24 crore (105.73 per cent of Op Inc) in Q3-2014 and 5.42 per cent less than the Rs 40.37 crore (110.8 per cent of Op Inc) in Q4-2013.

     

    The company spent 39 per cent more in FY-2014 towards purchase of education goods and television content (Ed goods) at Rs 43.57 crore (36.6 per cent of Op Inc) as compared to the Rs 31.36 crore (31.3 per cent of Op Inc) in FY-2013. Zee Learn’s Ed goods expense in Q4-2014 at Rs 15.78 crore (40.41 per of Op Inc) was 63.3 per cent more than the Rs 9.66 crore (42.6 per cent of Op Inc) in Q3-2014 and 4.6 per cent more than the Rs15.08 crore (41.4 per cent of Op Inc) in Q4-2013.

     

    Zee Learn spent Rs 13.71 crore (11.5 per cent of Op Inc) in FY-2014 towards Marketing advertisement and publicity expense (Publicity Exp), which was 18.7 per cent less than the Rs 16.86 crore (17 per cent of Op Inc) in FY-2013. Zee Learn’s Publicity Exp in Q4-2014 at Rs 6.27 crore (16 per cent of Op Inc) was more than the triple (3.23 times) the Rs 1.94 crore (8.6 per cent of Op Inc) in Q3-2014 and 4.8 per cent more than the Rs 5.98 crore (16.4 per cent of Op Inc) in Q4-2013.